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Leveraged ETFs and company news trigger sharp stock declines, with OKLL down 18% and PMTS off 16%.

Market News
11 Sep 2026
Alex Lavoie
View Source
Bearish
Leveraged ETFs and company news trigger sharp stock declines, with OKLL down 18% and PMTS off 16%.

Several U.S.-listed stocks saw significant drops on Friday, led by the Daily Target 2X Long OKLO ETF (OKLL), which fell 18.38% due to amplified losses in Oklo Inc. shares. CPI Card Group (PMTS) declined 16.48% following a discounted secondary share offering by a major shareholder. NuScale Power (SMR) dropped 15.73% after an analyst downgrade from UBS citing weaker earnings expectations. Other biotech stocks like SELLAS Life Sciences and bioAffinity Technologies also fell amid volatility and unclear negative factors. These declines highlight the impact of leverage, share offerings, and analyst sentiment on market movements.

More News (OKLO)

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